Nas100 Analysis 22-12-2023
So if i look at my initial analysis from yesterday, i can proudly say, that it played out for the most part. I saw that the market pushed up yesterday, taking out all the Liq point, after it started going down.
Aparrently the price was in a ascending channel this morning. Theoretically we know that when the price comes from an bullish impuls into a ascending channel, it might for 85% continue to go up.
But halfway through, the price started going lower in the channel. That should be a clear sign, that a reversal was coming. Based on the resistance that was created, the analysis from yesterday, played out.
With that said, its always important to keep an eye on the market, because market conditions are as dynamic as new age technology
Aparrently the price was in a ascending channel this morning. Theoretically we know that when the price comes from an bullish impuls into a ascending channel, it might for 85% continue to go up.
But halfway through, the price started going lower in the channel. That should be a clear sign, that a reversal was coming. Based on the resistance that was created, the analysis from yesterday, played out.
With that said, its always important to keep an eye on the market, because market conditions are as dynamic as new age technology
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